gasreport: United States - South West

The industrial gas market of the South West region is the second largest out of the eight regions of the US, and also is home to the largest onsite supply market in the country.

Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 4.4% p.a. in a low scenario to 5.2% p.a. in a high scenario. Accordingly, the industry in the South West is expected to achieve revenues of between $4.25bn to $4.41bn by 2023.

The South West region has enjoyed strong economic growth since 2000. One of the major contributors to the regions wealth is the large oil and gas/petrochemical industries. Texas alone is home to approximately 25 major refineries, and further seven are located in New Mexico and Oklahoma. Four of the top ten largest oil fields, and three of the top ten natural gas fields, are located in the region.

Average GDP growth for the decade (2008-2018), stood at 4% p.a. The region’s economy did, like most others, fall into recession during the worst years of the global financial crisis – in 2009 GDP declined by -6%. In 2018, GDP grew at a rate of 6.1%.

Published: 2019Report Data: 2018

Each report contains a 10-year history and 5-year forecast of the respective gas markets.

Industrial gas supply structure

Companies operating within each country

Market structure in terms of demand for gases

Macro-economic influences and drivers

Future market forecasts

Investment potential

Special Offer: Purchase all eight United States regional reports for $18000

gasworld Business Intelligence looks at the structure and future prospects of the South West industrial gas market. Incorporating Oklahoma, Texas, New Mexico and Arizona.

About gasworld

Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.